๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

STOCHASTIC INFLATION AND THE OPTIMAL POLICY OF PRICE ADJUSTMENT

โœ Scribed by LEIF DANZIGER

Book ID
115202489
Publisher
Oxford University Press
Year
1984
Tongue
English
Weight
603 KB
Volume
22
Category
Article
ISSN
0095-2583

No coin nor oath required. For personal study only.

๐Ÿ“œ SIMILAR VOLUMES

Costly price adjustment and the optimal
Costly price adjustment and the optimal rate of inflation
โœ Jerzy D. Konieczny ๐Ÿ“‚ Article ๐Ÿ“… 2007 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 194 KB

## Abstract I analyse the optimal rate of inflation when prices are costly to change. As the costs of price adjustment are the main friction in the model, effects of inflation stem from the accounting role of money. Inflation increases relative price variability and reduces the average product of l

Imperfect price adjustment and the optim
Imperfect price adjustment and the optimal assignment of monetary and fiscal policies
โœ Mark Gertler ๐Ÿ“‚ Article ๐Ÿ“… 1979 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 822 KB

The paper considers the coordination of monetary and fiscal policy for a closed economy with the following properties: a Keynesian short-run, a classical steady state and serially cori'elated price adjustment. Given a set of plausible targets, the system is perfectly controllable in the sense of Aok